Gauthier, S.; Desgranges, G. - Département et Laboratoire d'Économie Théorique … - 1998
This paper analyses an example of nonstationary stochastic endogenous fluctuations. It studies the existence of Markovian sunspot equilibria on the rates of growth in a linear one step forward looking economy with one predetermined variable. It is shown that asymptotically stable stochastic...